Oracle Power PLC Director Dealing (4747R)
01 March 2019 - 1:15AM
UK Regulatory
TIDMORCP
RNS Number : 4747R
Oracle Power PLC
28 February 2019
28 February 2019
ORACLE POWER PLC
("Oracle" or the "Company" or the "Group")
Director Dealing
Oracle Power PLC (AIM:ORCP), the UK energy developer of a
combined lignite coal mine and mine mouth power plant located in
Block VI of the Thar desert in the south-east of the Sindh Province
of Pakistan announces that the Chairman of its Board of Directors,
Mr Mark Steed, has today purchased, on market, 1,100,000 ordinary
shares of 0.1 pence each in the Company ("Ordinary Shares"), at a
price of 0.504 pence per share.
Following these transactions, Mr Steed's beneficial interest in
the Company stands at 2,100,000 Ordinary Shares, representing
approximately 0.1667% of the issued share capital of the
Company.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification of Transactions of Persons Discharging Managerial
Responsibility and Persons Closely Associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name MARK STEED
------------------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status CHAIRMAN OF BOARD OF DIRECTORS
------------------------------------- -----------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
------------------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name ORACLE POWER PLC
------------------------------------- -----------------------------------------
b) LEI 213800KTG8HX1WBCAA49
------------------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------
a) Description of the ORDINARY SHARES
financial instrument,
type of instrument
Identification code GB00B23JN426
b) Nature of the transaction Purchase of shares
------------------------------------- -----------------------------------------
c) Price(s) and volume(s)
--------------------- ---------------
Price(s) Volume(s)
--------------------- ---------------
0.504 pence 1,100,000
---------------------------------------------------------------- ---------------
d) Aggregated information
Aggregate volume: 1,100,000
Aggregate price: 0.504 pence
Aggregate total: GBP5,544.00
e) Date of the transaction 28 FEBRUARY 2019
------------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange's AIM Market
------------------------------------- -----------------------------------------
For further information please contact:
Oracle Power PLC +44 (0) 203 580
Naheed Memon 4314
Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409
Rory Murphy, James Harris, Jack Botros 3494
Brandon Hill Capital Limited +44 (0) 203 463
Oliver Stansfield 5000
Peterhouse Corporate Finance +44 (0) 207 220
Charles Goodfellow 9791
Blytheweigh +44 (0) 207 138
Tim Blythe, Camilla Horsfall, Megan Ray 3204
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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